StarkWare CEO Eli Ben-Sasson said corporate blockchains will help with mainstream adoption, but long term, they will be abandoned if they try to retain control.
Blockchains created and controlled by corporations will eventually die, as users won’t want a chain controlled by a central entity, according to Eli Ben-Sasson, co-founder and CEO of blockchain company StarkWare.
Ben-Sasson said in a Monday post to X that he was doubling down on his opinion that “corpo” chains won’t last because they are not aligned with a fundamental concept of blockchain, which requires them to get “rid of their position as a central entity.”
“The important element of blockchain is a system that gets rid of a central entity. It comes at a cost: A very complex technology that’s hard to build and hard to use. Even if we apply AA to create simplified UX, the tech under the hood is still very complex,” he said, presumably referring to account abstraction, a technique that saves users from having to handle traditional private keys.
